Back on the Market!! Seller is extremely motivated to sell and will review all offers. A secluded oasis nestled within the beach community of Del Rey, adjacent to Marina Del Rey, Playa Vista and Culver City. This unique income producing property consists of four detached homes on an approximate 12,600 sqft. These units can rent for $2,500 each and two of the units can be delivered at the close of escrow .On the second half is a Spanish architecture and over time remodeled with some Mediterranean flare, owner occupied, this two story home is 4br/3ba, formal dining room with some unique wood craftsmanship, diamond inlays, wood burning fireplace and maids quarters. Beautifully landscape Sliding door takes you out to a covered and private patio, four car garage and separate storage area and two parking space in the driveway with alley access but secured by rustic steel gates, motorized and remotely controlled. The latest security system from ADT and separate 8 cameras monitoring the grounds throughout the whole property. This property has it all and serve several functions for the end user. As an investment, or owner occupied, this property comes with approved plans, entitled for a 12 unit luxury condominium development with gross sales of approximately and conservatively speaking $12,300,000. Access to the property and a copy of the details on the development plans are available with an accepted offer only. See private remarks for more info.
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